Scotts Valley Real Estate – Home Prices and Sales through June 2012

Scotts Valley Home Prices

95 Single Family Homes have sold in Scotts Valley through June this year, at an average price of $642,902; on an average list price of $657,037.   The average home sales price last year at the same time was $722,273, based on 75 closed escrows.    

The average price difference between this year and last year can be partially attributed to the fact that, by this time last year, 10 homes had sold for over $1 million: one of which fetched $2.6 Million.   So far this year, just 5 homes have sold for over a million dollars in Scotts Valley.    

The most expensive home sold so far this year closed at the end of May for $1,600,000.   This was a gorgeous 4 bedroom, 3 bath, 3800 square foot home on over 11 acres, many of which were professionally landscaped.

In contrast, the least expensive home sold the very next day, for $189,000. It was a 1 bed, 1 bath 848 square foot foreclosed home on just over ½ acre.   This was certainly the exceptionally lowest price house in Scotts Valley; the next lowest home sold for $285,000.   

Homes are selling far more quickly than before, as the chart above shows.    The discount between list and sales price remains fairly narrow at about 2-3%.   

Source: MLSListings.com – Single Family Residence closed escrows, zones 39-41

Click here to read more about the Scotts Valley Community. 

Click here to get a free, no obligation estimate of your home’s current market value, or here if you'd like help finding and negotiating your dream home purchase in Scotts Valley..